‘Economically non-viable’: Salmon tax forces Norway’s Masoval to shelve new farming concept as it sinks into the red in Q2

Implementation of the resource rent tax led to the group reporting a loss after tax for the period.

Helge Kvalvik, CEO of Masoval, is unhappy with the impact of Norway's new ground rent tax on its operations.
Helge Kvalvik, CEO of Masoval, is unhappy with the impact of Norway's new ground rent tax on its operations.Photo: Anders Furuset
Published 30 August 2023, 04:01Updated 30 August 2023, 04:45